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The current shareholders of the Eastern Caribbean Home Mortgage Bank fall into four (4) categories. The authorized share capital of the Eastern Caribbean Home Mortgage Bank is EC$40,000,000 divided into 400,000 shares

The Issued Share Capital is 268,749 and is broken down as follows:

SHAREHOLDER CLASS

Class	Institution	Amount $	%
A	Eastern Caribbean Central Bank	9,189,920	24.9
B	Social Security Boards and Government Owned or Controlled Commercial Banks	7,562,200	19.0
C	Commercial Banks	11,062,800	29.8
D	Insurance Companies and Credit Institutions	9,185,020	26.3
		$36,999,940	100.0

LIST OF SHAREHOLDERS

Class A	Institution	Shares	%
A	Eastern Caribbean Central Bank	66,812	24.9
Class B	Institution	Shares	%
B	SOCIAL SECURITY BOARDS
	Anguilla Social Security Board Dominica Social Security Board National Insurance Corporation (St. Lucia) National Insurance Scheme (Grenada) National Insurance Scheme (St. Vincent) Social Security Board (Montserrat) St. Christopher & Nevis Social Security Board
	GOVERNMENT OWNED OR CONTROLLED BANKS
	St. Kitts-Nevis-Anguilla National Bank Bank of St.Vincent and the Grenadines
	SUB-TOTAL	51,178	19.0
Class C	Institution
C	COMMERCIAL BANKS
C	ACB Mortgage and Trust Company Limited Anguilla Mortgage Company Limited Antigua Commercial Bank Bank of Monsterrat Limited Bank of Nevis Limited Bank of Nova Scotia (St. Kitts & Nevis) Limited National Commercial Bank of Anguilla Limited Eastern Caribbean Amalgamated Bank East Caribbean Financial Holding Company Limited Finance and Development Company Limited (Antigua) Financial Investment and Consultancy Services Limited 1st National Bank Saint Lucia Limited First Caribbean International Bank (Antigua) First Caribbean International Bank (Saint Lucia) Grenada Co-operative Bank Limited National Bank of Dominica Limited National Investment Company of Anguilla Limited National Invest Coporation (NIC) Dominica Limited RBTT Bank Caribbean Limited (Antigua & Barbuda) ACB Grenada Bank Limited BON Bank Limited RBTT Bank Caribbean Limited (Saint Lucia) RBTT Bank Caribbean Limited (St. Vincent) Republic Bank (Grenada) Limited	80,181	29.8
	SUB-TOTAL	80,181	29.8
Class D	Institution	Shares	%
D	CREDIT UNIONS & BUILDING SOCIETIES
	Central Cooperative Credit Union Limited (Dominica) Community First Cooperative Credit Union Limited (Antigua) Dominica Cooperative Societies Leagues Limited General Employees' Cooperative Credit Union Limited - St. Vincent Grenada Building and Loan Association ARIZA Credit Union Limited Kingstown Co-operative Credit Union Limited (St. Vincent) Montserrat Building Society Limited Nevis Co-operative Credit Union Limited River Sallee Co-operative Credit Union Limited (Grenada) National Co-operative Credit Union Limited (Dominica) Royal St. Lucia Police and Allied Services Cooperative Credit Union Limited St. John's Co-operative Credit Union Limited (Antigua) St. Kitts Co-operative Credit Union Limited TDC Financial Company Ltd. Jannou Credit Union Limited St. Lucia Teachers Cooperative Credit Union Limited St. Patrick's Cooperative Credit Union Limited (Montserrat) St. Vincent Building and Loan Association St. Vincent Union of Teachers Cooperative Credit Union Limited
	INSURANCE COMPANIES
	CLICO International Life Insurance Demerara Mutual Life Assurance Society Metrocinct General Insurance Company Limited (St. Vincent) National Caribbean Insurance Company Limited (St. Kitts) Sagicor Life Inc. TDC Insurance Company St. Vincent Insurances Limited
	SUB-TOTAL	70,578%	26.3

TOTAL

268,749

100

To be an approved primary lender eligible to carry out mortgage business with ECHMB, lending institutions such as Commercial Banks, Development Banks, Insurance Companies, or Credit Unions, must conform with the underwriting standards and eligibility criteria as follows:

Capitalisation – The primary lender must be adequately capitalised. Capital adequacy shall be determined both in terms of an absolute amount of $3 million and a Capital to Asset Ratio of not less than 8% or leverage of 12.5 to 1.
The primary lender must be subject to regulations by an approved regulatory body.
Lenders require operational expertise and experience in loan underwriting and administration. The primary lender must have at least three years satisfactory experience.
The primary lender shall undertake a commitment to improve and maintain mortgage-underwriting standards via training.
The primary lender must agree to be submitted to periodic audits and reviews of its mortgage underwriting process.
The primary lender must maintain proper mortgage security documentation and also maintain a minimum delinquency ratio within its mortgage portfolio.

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